Insurance Policy in respect of various Airports/Units falling under AAI for Fire, Earthquake, Terrorism and their Allied Perils (As per IRDA norms)
Tender Specifications & Timeline
13 FieldsAward of Contract (AOC) Details
Awardee / Contractor
TATA AIG General Insurance Compnay Ltd
Award Date: 29-Nov-2021
Completion Period: 365 Days
Contract Financials & Scope
INR 50,707,035.25
Contract Award Info Updated 28-Dec-2021 04:18 PM by Shashwat Tomar
Total Bidders
11
Total Awarded Value
₹15.35 Cr
Estimated Value (PAC)
—
Margin vs Estimate
—
Winning Contractors (3 - Official Awardees)
Accepted-AOCL1 to L2 Spread
+0.65%
Completion Period
365 days
AOC Award Date
29-Nov-2021
| Rank | Bidder / Contractor | Quoted Bid | Gap vs L1 | vs Estimate | Status |
|---|---|---|---|---|---|
| L-1 | ₹5.07 Cr | 0.0% (L1) | — | Accepted-AOC | |
| L-2 | ₹5.10 Cr | 0.0% (L1) | — | Accepted-AOC | |
| L-3 | ₹5.18 Cr | 0.0% (L1) | — | Accepted-AOC | |
| L-4 | ₹5.27 Cr | +3.91% | Rejected-Fin | Rejected-Finance | |
| L-5 | ₹6.26 Cr | +23.41% | Rejected-Fin | Rejected-Finance | |
| L-6 | ₹6.35 Cr | +25.27% | Rejected-Fin | Rejected-Finance | |
| L-7 | ₹6.41 Cr | +26.49% | Rejected-Fin | Rejected-Finance | |
| L-8 | ₹7.38 Cr | +45.61% | Rejected-Fin | Rejected-Finance | |
| DQ | — | — | Rejected-Tech | Rejected-Technical | |
| DQ | — | — | Rejected-Tech | Rejected-Technical | |
| DQ | — | — | Rejected-Tech | Rejected-Technical |
This airports tender covers insurance Policy in respect of various Airports/Units falling under AAI for Fire, Earthquake, Terrorism and their Allied Perils (As per IRDA norms), issued by Airports Authority of India under reference AAI/Ops-743/Insurance/21-22. This work is part of the development of New Delhi Airport — government tender titles use official department terminology rather than the common name. The tender is currently Expired. Following contract finalisation, the work was awarded to TATA AIG General Insurance Compnay Ltd for a total value of ₹5.07 Cr.
This procurement is part of ongoing efforts by central government agencies and public sector undertakings to maintain and upgrade public infrastructure and services in New Delhi. Vendors interested in similar opportunities can browse other tenders from the same issuing organisation below.
Tender Documents
Download official tender documents, technical specifications, schedules, and BOQ files
techsummary_96967.pdf
BOQ Comparative Chart
finsummary_96967.pdf
AOCupload.pdf
Bidder rank not within L-3
Bidder rank not within L-3
Not fulfilling eligibility criteria as per tender conditions.
Agreed to match L-1 quote. Co-insurer 25 percent
Bidder rank not within L-3
Not fulfilling eligibility criteria as per tender conditions.
Agreed to match L-1 quote. Co-insurer 15 percent
Bidder rank not within L-3
Lowest quote L-1
Bidder rank not within L-3
Not fulfilling eligibility criteria as per tender conditions.
| Bidder | Submitted On | Status | Fin. Value | Rank | Remarks / Logs |
|---|---|---|---|---|---|
Bajaj Allianz General Insurance Co. Ltd. #339707 | 22-Oct-2021 01:16 PM | Rejected-Finance Updated: 22-Nov-2021 06:00 PM | 6,41,38,962.00 | L-7 | Bidder rank not within L-3 |
Future Generali India Insurance Company Limited #339799 | 22-Oct-2021 01:54 PM | Rejected-Finance Updated: 22-Nov-2021 06:00 PM | 6,25,79,895.00 | L-5 | Bidder rank not within L-3 |
HDFC ERGO General Insurance Company Limited #332555 | 22-Oct-2021 02:54 PM | Rejected-Technical Updated: 05-Nov-2021 12:36 PM | — | — | Not fulfilling eligibility criteria as per tender conditions. |
ICICI Lombard General Insurance Co. Ltd. #339822 | 22-Oct-2021 02:45 PM | Accepted-AOC Updated: 28-Dec-2021 04:18 PM | 5,10,39,068.00 | L-2 | Agreed to match L-1 quote. Co-insurer 25 percent |
IFFCO TOKIO General Inmsurance Co Ltd #339806 | 22-Oct-2021 02:56 PM | Rejected-Finance Updated: 22-Nov-2021 06:00 PM | 7,38,36,321.00 | L-8 | Bidder rank not within L-3 |
NATIONAL INSURANCE COMPANY LIMITED #339760 | 22-Oct-2021 01:01 PM | Rejected-Technical Updated: 05-Nov-2021 12:36 PM | — | — | Not fulfilling eligibility criteria as per tender conditions. |
RELIANCE GENERAL INSURANCE CO LTD #330862 | 22-Oct-2021 12:51 PM | Accepted-AOC Updated: 28-Dec-2021 04:18 PM | 5,18,03,153.00 | L-3 | Agreed to match L-1 quote. Co-insurer 15 percent |
SBI General Insurance Company #328779 | 22-Oct-2021 02:59 PM | Rejected-Finance Updated: 22-Nov-2021 06:00 PM | 5,26,89,468.00 | L-4 | Bidder rank not within L-3 |
TATA AIG General Insurance Compnay Ltd #339831 | 22-Oct-2021 02:55 PM | Accepted-AOC Updated: 28-Dec-2021 04:18 PM | 5,07,07,035.25 | L-1 | Lowest quote L-1 |
THE NEW INDIA ASSURANCE COMPANY LIMITED #339575 | 22-Oct-2021 01:51 PM | Rejected-Finance Updated: 22-Nov-2021 06:00 PM | 6,35,19,906.50 | L-6 | Bidder rank not within L-3 |
THE ORIENTAL INSURANCE CO LTD #339379 | 22-Oct-2021 02:12 PM | Rejected-Technical Updated: 05-Nov-2021 12:36 PM | — | — | Not fulfilling eligibility criteria as per tender conditions. |
Bid Evaluation Details & Logs
technical bid opening
Date: 26-Oct-2021 02:49 PM
Officer: Shashwat Tomar
11 bids have been received and sent for technical evaluation
technical evaluation
Date: 05-Nov-2021 12:36 PM
Officer: Shashwat Tomar
finance bid opening
Date: 22-Nov-2021 05:27 PM
Officer: Shashwat Tomar
08 bids have been received
finance evaluation
Date: 22-Nov-2021 06:00 PM
Officer: Shashwat Tomar
About This Procurement Notice
This central government tender was issued by Airports Authority of India. Bids must be submitted by 22-Oct-2021 03:00 PM.
BiharInfraTales aggregates procurement notices from Bihar eProcurement, GeM portal, and central government tender portals. Data is refreshed every 30 minutes. Always verify details on the official portal before submitting a bid.
Frequently Asked Questions
- QWhat is the status of the tender "Insurance Policy in respect of various Airports/Units falling under AAI for Fire"?
- The current status of this tender is "Expired". The submission deadline is 22-Oct-2021 03:00 PM. This information is sourced from official government procurement portals.
- QWho issued this central government tender?
- This tender was issued by Airports Authority of India. The reference number is AAI/Ops-743/Insurance/21-22. It is a central government procurement notice.
- QWhat is the estimated value of this tender?
- The estimated tender value has not been disclosed for this procurement notice. Please refer to the official tender documents for detailed specifications.
- QIs this the New Delhi Airport tender?
- Yes — "Insurance Policy in respect of various Airports/Units falling under AAI for Fire, Earthquake, Terrorism and their Allied Perils (As per IRDA norms)" is the official government tender title covering New Delhi Airport development works. Government tender titles for this sector use official department terminology rather than the site's common name.
- QWho won the contract for this tender?
- The contract for "Insurance Policy in respect of various Airports/Units falling under AAI for Fire, Earthquake, Terrorism and their Allied Perils (As per IRDA norms)" was awarded to TATA AIG General Insurance Compnay Ltd with an awarded contract value of ₹5.07 Cr.
- QWhat is the final awarded contract value?
- The final awarded contract value is ₹5.07 Cr.